Don't Understand
July 28, 2016 at 4:25 p.m.
By -
I know I'm getting much older because there are more things I simply don't understand.
Like how can companies who were next to bankruptcy a year or so ago now have so much money they can pay their CEOs huge amounts of cash as bonuses? Bankruptcy is an awful thing to have to declare. It is viewed as a failure by many. Sometimes it is. But most of the time it is because life has smacked you in the face and you have no alternative. It is a crushing blow to your self esteem.
There are, though, good things that can occur. We learn we aren't measured by the amount in our checking account or the wealth we have accumulated. We learn there are more important things in life than the mighty dollar. We learn that greed in business practices that cause a worker to lose his job or his bonuses (hard earned ones or his position are not the measure of a man's worth.
Don't misunderstand. The feelings you have when you lose everything, home, job and credit, are not bliss or an excuse to go out and spend again. The guilt of unpaid bills is not easy to live with but when it occurs and bankruptcy is the final ultimatum, have the courage to go forward a better financially smart person. One should learn from their lows. You are not the only one that is hurt from this misery, companies you shop at and people who work there also suffer because of your loss.
I guess that is where I don't understand the banks and financial companies that have gone through this and come out acting as if they have learned nothing from the failure. They continue to seek your dollars in interest rate hikes on credit. They continue to find ways to make it almost impossible to pay back a debt you owe. The stinger is - most will never pay back what they owe. They won't live long enough!
The next time you pull out your credit card to use remember who you are benefiting. It isn't you or your family. It is the guy who got a $26 million bonus this year on your tax dollar. That 27 percent plus you pay out the nose every week from your hard earned dollar is what made it possible.
I know from what I speak - it is better to live without than to lose everything you have.
There are many other things that fall under the things I don't understand column but this one is the kicker for the day.
Phyllis Barger
North Manchester, via e-mail[[In-content Ad]]
I know I'm getting much older because there are more things I simply don't understand.
Like how can companies who were next to bankruptcy a year or so ago now have so much money they can pay their CEOs huge amounts of cash as bonuses? Bankruptcy is an awful thing to have to declare. It is viewed as a failure by many. Sometimes it is. But most of the time it is because life has smacked you in the face and you have no alternative. It is a crushing blow to your self esteem.
There are, though, good things that can occur. We learn we aren't measured by the amount in our checking account or the wealth we have accumulated. We learn there are more important things in life than the mighty dollar. We learn that greed in business practices that cause a worker to lose his job or his bonuses (hard earned ones or his position are not the measure of a man's worth.
Don't misunderstand. The feelings you have when you lose everything, home, job and credit, are not bliss or an excuse to go out and spend again. The guilt of unpaid bills is not easy to live with but when it occurs and bankruptcy is the final ultimatum, have the courage to go forward a better financially smart person. One should learn from their lows. You are not the only one that is hurt from this misery, companies you shop at and people who work there also suffer because of your loss.
I guess that is where I don't understand the banks and financial companies that have gone through this and come out acting as if they have learned nothing from the failure. They continue to seek your dollars in interest rate hikes on credit. They continue to find ways to make it almost impossible to pay back a debt you owe. The stinger is - most will never pay back what they owe. They won't live long enough!
The next time you pull out your credit card to use remember who you are benefiting. It isn't you or your family. It is the guy who got a $26 million bonus this year on your tax dollar. That 27 percent plus you pay out the nose every week from your hard earned dollar is what made it possible.
I know from what I speak - it is better to live without than to lose everything you have.
There are many other things that fall under the things I don't understand column but this one is the kicker for the day.
Phyllis Barger
North Manchester, via e-mail[[In-content Ad]]
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